Issue of Equity

Personal Assets Trust PLC
07 July 2004

To:          RNS

From:        Personal Assets Trust plc

Date:        7 July 2004





Issue of Equity

The board of Personal Assets Trust plc announces the number of shares issued
during June 2004 :-


End of month   No of share in issue   Number of new 
                                      shares issued 
                                      during the month *  % of capital represented  Inflow of new capital

June                        649,273              4,595                       0.71%               £972,853
                                                 4,595                                           £972,853


* These shares have been issued under the company's various block listings.

There are 649,273 shares in issue as at 30 June 2004. This gives a market
capitalisation of £138.3m, based on a closing mid-price of £213.00.





For further details, please contact :-

Steven Budge, Personal Assets Trust plc               0131 225 9995

Gordon Hay Smith, ISIS Asset Management plc           0131 465 1000






                      This information is provided by RNS
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